Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Poverty

Question:
Which of these statements are true-
Poverty is also explained by some of the economy-wide problems, such as
a) low capital formation
b) lack of infrastructure
c) lack of demand
d) pressure of population
e) lack of social/ welfare nets
Options:
a) b) and d)
b) c) d) and e)
a) b) c) d) and e)
a) b) c) and e)
Correct Answer:
a) b) c) d) and e)
Explanation:
Aggregate poverty is just the sum of individual poverty. Poverty is also explained by general, economy-wide problems, such as (i) low capital formation (ii) lack of infrastructure (iii) lack of demand (iv) pressure of population (v) lack of social/ welfare nets